Mr. McMillan’s Tribeca-based development firm acquired the site, along with 1558-1560 Third Avenuebetween East 87th and East 88th Streets, from Muss Development for roughly $70 million in 2013, as Commercial Observer previously reported. The parcels, which have connecting rear lots, housed two vacant five-story apartment buildings, which have since been razed. (It was not immediately clear when Global Holdings joined DDG as a partner).

M&T provided the borrower with a $47.5 million acquisition loan in December 2013, according to city records.

Representatives for DDG and Global Holdings did not immediately respond to requests for comment. A representative for M&T declined to comment.